DP charges are levied whenever shares are debited from a demat account and hence are also applicable when shares are delivered through the EPI/block mechanism.
During EPI, these DP charges are levied per ISIN per DP processing cycle and thus depend on the ISINs sold and the 3- minute DP processing cycle.
DP charges on intraday trades under EPI: - Buy → Sell (B→S) intraday
First Leg (Buy): Shares are purchased; no delivery obligation arises.
Second Leg (Sell): Since shares are not yet settled in Demat, there is no delivery.
Result: No DP charges will be levied. An 80% credit for sale on T-day will not be provided from such sale proceeds at Jainam.
- Sell → Buy (S→B) intraday
First Leg (Sell): Shares are sold; delivery obligation is triggered through EPI/block mechanism.
Second Leg (Buy): Shares are bought back later in the day, squaring off the position.
Result: DP charges may apply because delivery was initiated. At Jainam, 80% of sale proceeds is available as credit or margin on the same-day T-day. Once levied, DP charges are not reversed even if trade is squared off.
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